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Facebook parent Meta may be in the Big Tech club but it sees itself as being dwarfed by "Giant Tech" company -- and corporate foe -- Apple, a top executive,
Up. it was in the 100s, 70s, it was 35 a couple of years ago. last year it was 6 and now it's 5. the other significant thing about apple in relation to this list is it is always one of the top two or three companies when it comes to profits. its revenues are one thing but it's always the first or second most profitable company on the list. apple is still making money and even though it showed a decline in its growth for the first time in about a decade. >> but no new gadgets and they are still going like gang busters. why? because the products are so desired? >> they are. how many apple produc...
Puts the lie to the east coast. >> reporter: quick fact check here. henry waxman is unglamorous. true. >> people can laugh and people can make fun of. but even the people laughing to make fun know we're about very serious business. >> reporter: voters will head to the polls on june 3rd in an open primary. regardless of party, they will face off in a runoff on election day. coming up next, the obama administration's big new push but even some of his fellow democrats are blasting the plan. why are they joining with republicans to criticize president obama? plus, it's usually when apple annou...
Strategy. that's why it has acquired beats, as far as we know. so apple has to keep up with the times. >> the other companies are rising but not one in particular. a little company called yahoo!. >> so the tech company, as we know, is a huge engine of growth. amazon, apple, google, microsoft, facebook all rising a lot on the list this year. but yahoo! actually falls off this year. you know, yahoo! was 492 last year. it wasn't like this was a huge unexpected thing for yahoo!. its revenues are not what the other companies are. not enough to make minimum this is year. but all of the other tech co...
Development conference today. ever since cook took over the giant tech apple, there's been few and few of these and the company is more profitable than ever. this year for the first time, apple cracked the top five of the world's most valuable companies joining the likes of walmart and exxonmobil. here now to talk about the fortune 500 issue, lee gallagher. good to see you. >> good to be here, jake. >> exxonmobil, berkshire hathaway, but the real story is apple. i guess innovation isn't everything. >> innovation will do it. this list is about scale more than anything else. we've seen apple jus...